CNN reported last week that 66 percent of millennials aged 21 to 32 have nothing saved for retirement. And while their writer chalks up this inequity to student loans, “stagnant wages” and “high unemployment,” there may yet be a deeper cause: many millennials honestly don’t see a future for our economic system.
Millennials have no hope for future
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Millennials have no hope for future
Some millennials aren’t saving for retirement because they don’t think capitalism will exist by then
Last edited by pErvinalia on Sat Feb 16, 2019 11:10 pm, edited 1 time in total.
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Re: Millennials have no hope for future
I grew up with nuclear paranoia. Every local skirmish threatened to blossom into global war and for a period I even refused to watch the news, it was all so scary. In bygone centuries fear of a religious end, e.g. Armageddon was pretty prevalent too of course.
Fearing the end of everything seems to be a common human neurosis, which of course does not mean one is wrong to be alarmed by any given scenario.
Fearing the end of everything seems to be a common human neurosis, which of course does not mean one is wrong to be alarmed by any given scenario.
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Re: Millennials have no hope for future
I strongly suspect the current young'uns are right. A friend in the Occupy movement asked me in 2011 how long I reckoned till society collapsed - I said 10-15 years. It's getting closer. I wonder if I was too pessimistic? I still think we are on the edge now and it could all blow up at any moment. GFC The Sequel could be it.
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Re: Millennials have no hope for future
Saving for the future at age 32? Who they fucking kidding? I couldn't have saved a fart at that stage of my life.
Yeah well that's just, like, your opinion, man.
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Re: Millennials have no hope for future
I spent all my money on high living.
Still, it was a good three weeks while it lasted. I went to the pictures twice.
Still, it was a good three weeks while it lasted. I went to the pictures twice.
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Re: Millennials have no hope for future
There were two young fellows behind me on the bus tonight. They were talking about their time at university - they'd just discovered they were at the same university at the same time. One had a physics degree, the other a degree in Medieval Spanish. It was 1145pm and they'd just finished their shifts at a nearby supermarket. Of course millennials have difficulty seeing a future when bright young things like these two are stuck in a low-wage economy they'll probably never escape from.
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Re: Millennials have no hope for future
There are millions of them!Brian Peacock wrote: ↑Sun Feb 17, 2019 4:39 amThere were two young fellows behind me on the bus tonight. They were talking about their time at university - they'd just discovered they were at the same university at the same time. One had a physics degree, the other a degree in Medieval Spanish. It was 1145pm and they'd just finished their shifts at a nearby supermarket. Of course millennials have difficulty seeing a future when bright young things like these two are stuck in a low-wage economy they'll probably never escape from.
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Re: Millennials have no hope for future
Capitalism is already dead.
It has been replaced by Corporate Cronyism.
It has been replaced by Corporate Cronyism.
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Re: Millennials have no hope for future
Corporate cronyism is an emergent phenomenon out of capitalism.
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Re: Millennials have no hope for future
I’m not saying it isn’t tough for young ‘uns - my daughter has struggled like mad to swim against the low wage tide. Just a point r.e. the above though. In England they are screaming out for physics graduates for teaching. There are even incentive golden handshakes on offer - and academies don’t even need to employ people with teaching qualifcations. Maybe different in Scotland of course.Brian Peacock wrote: ↑Sun Feb 17, 2019 4:39 amThere were two young fellows behind me on the bus tonight. They were talking about their time at university - they'd just discovered they were at the same university at the same time. One had a physics degree, the other a degree in Medieval Spanish. It was 1145pm and they'd just finished their shifts at a nearby supermarket. Of course millennials have difficulty seeing a future when bright young things like these two are stuck in a low-wage economy they'll probably never escape from.
The medieval Spanish guy may as well go shoot himself now and get it over with.
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Re: Millennials have no hope for future
Things are not like that everywhere even far from it.
"Wat is het een gezellig boel hier".
Re: Millennials have no hope for future
An 18 year old can't usually get a 20,000 dollar business loan, but the lenders have no problem letting that same kid sign up for 200,000 dollars worth of student loans.
Maybe academics aren't the best judge of the value of academia. Those grocery store workers (if they remain there) would have been better off financially if they had done what Brian Peacock claims to have done.
Of course, they will have UNTOLD benefits from their education, personally, but financially, they would have been better off without.
Maybe academics aren't the best judge of the value of academia. Those grocery store workers (if they remain there) would have been better off financially if they had done what Brian Peacock claims to have done.
Of course, they will have UNTOLD benefits from their education, personally, but financially, they would have been better off without.
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Re: Millennials have no hope for future
> 60% of newly qualified teachers are quitting the profession within three years of qualifying.Rum wrote: ↑Sun Feb 17, 2019 9:46 amI’m not saying it isn’t tough for young ‘uns - my daughter has struggled like mad to swim against the low wage tide. Just a point r.e. the above though. In England they are screaming out for physics graduates for teaching. There are even incentive golden handshakes on offer - and academies don’t even need to employ people with teaching qualifcations. Maybe different in Scotland of course.Brian Peacock wrote: ↑Sun Feb 17, 2019 4:39 amThere were two young fellows behind me on the bus tonight. They were talking about their time at university - they'd just discovered they were at the same university at the same time. One had a physics degree, the other a degree in Medieval Spanish. It was 1145pm and they'd just finished their shifts at a nearby supermarket. Of course millennials have difficulty seeing a future when bright young things like these two are stuck in a low-wage economy they'll probably never escape from.
The medieval Spanish guy may as well go shoot himself now and get it over with.
Rationalia relies on voluntary donations. There is no obligation of course, but if you value this place and want to see it continue please consider making a small donation towards the forum's running costs.
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"It isn't necessary to imagine the world ending in fire or ice.
There are two other possibilities: one is paperwork, and the other is nostalgia."
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"This is how humanity ends; bickering over the irrelevant."
Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Details on how to do that can be found here.
.
"It isn't necessary to imagine the world ending in fire or ice.
There are two other possibilities: one is paperwork, and the other is nostalgia."
Frank Zappa
"This is how humanity ends; bickering over the irrelevant."
Clinton Huxley » 21 Jun 2012 » 14:10:36 GMT
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Re: Millennials have no hope for future
I haven't saved for retirement because I never had any money left to save, I lived hand to mouth the whole time I was working, and still do now.
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Re: Millennials have no hope for future
Some insane ones continue for 40 years...Brian Peacock wrote: ↑Sun Feb 17, 2019 9:47 pm> 60% of newly qualified teachers are quitting the profession within three years of qualifying.Rum wrote: ↑Sun Feb 17, 2019 9:46 amI’m not saying it isn’t tough for young ‘uns - my daughter has struggled like mad to swim against the low wage tide. Just a point r.e. the above though. In England they are screaming out for physics graduates for teaching. There are even incentive golden handshakes on offer - and academies don’t even need to employ people with teaching qualifcations. Maybe different in Scotland of course.Brian Peacock wrote: ↑Sun Feb 17, 2019 4:39 amThere were two young fellows behind me on the bus tonight. They were talking about their time at university - they'd just discovered they were at the same university at the same time. One had a physics degree, the other a degree in Medieval Spanish. It was 1145pm and they'd just finished their shifts at a nearby supermarket. Of course millennials have difficulty seeing a future when bright young things like these two are stuck in a low-wage economy they'll probably never escape from.
The medieval Spanish guy may as well go shoot himself now and get it over with.
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